Bitcoin

The AI boom is a key driver of US growth, but the energy crunch and geopolitical tensions are global headwinds. This divergence could lead to capital flows favoring US assets, including crypto, while other economies struggle. However, the concentration of growth in AI raises sustainability questions that could trigger volatility.

The US-led AI boom is offsetting the global growth squeeze from the energy crunch, with ING estimating it accounts for about a third of recent US economic growth.

AI Boom Offsets Energy Crunch, But Miners Face a Power Squeeze

Looking Beyond the Headlines

Bitcoin Miners Shift to AI for Stable Income, Potentially Slowing Hashrate Growth

Fidelity Yardstick Flashes Historic Bitcoin Undervaluation as Miners Hold Firm

Saylor Warns Bitcoin's Biggest Threat Is Internal Rule Changes, Slams BIP-110 and Covenants

BIP 110 Faces Miner Backlash as DOG Mode Client Offers Alternative Path

This event shows that macro and geopolitical shocks remain the dominant drivers of risk assets. Crypto, still correlated with equities during panic, may see temporary contagion, but extreme fear historically precedes strong recoveries. The simultaneous oil spike indicates inflation fears, which could pivot investors toward hard assets like Bitcoin over the medium term.

Tech stocks plunge in Asia after a record rally and renewed Middle East attacks, while oil rises.

Asia Tech Rout and Middle East Attacks Stoke Extreme Fear in Crypto, Oil Spike Squeezes Miners

Rising oil prices from Middle East attacks silently squeeze Bitcoin miners, adding hidden sell pressure that undermines the 'buy the extreme fear' narrative.